Market View for Tuesday 07 Jun 2011

BSE Sensex

18420.11

Major Support

18344 – 18258 – 18199

Major Resistance

18458 – 18554 – 18672


NSE Nifty

5532.05

Major Support

5504 – 5479 – 5458

Major Resistance

5542 – 5565 – 5604


The markets traded choppy as they opened weak and later bounced back to recover all the losses made during the day to finally close in the green. The markets are expected to trade under pressure as they move to higher levels. Choppiness is here to stay for now. As for levels watch resistance @ 18458 for the Sensex and 5542 for the Nifty. On the lower side supports come in @ 18344 and 5504 for the Sensex and the Nifty respectively. Weakness persists. Hold a scrip specific view…

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